Ameritas Investment Partners Inc. Purchases 687 Shares of Chart Industries, Inc. $GTLS

Ameritas Investment Partners Inc. increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,346 shares of the industrial products company’s stock after buying an additional 687 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Chart Industries were worth $2,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Chart Industries by 19,900.0% during the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the last quarter. Toth Financial Advisory Corp bought a new position in Chart Industries in the second quarter valued at $33,000. Finally, SVB Wealth LLC bought a new position in Chart Industries in the first quarter valued at $30,000.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of recent research reports. Lake Street Capital downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price objective for the company. in a research note on Wednesday, July 30th. Seaport Res Ptn lowered Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. UBS Group restated a “neutral” rating and issued a $210.00 price target (down from $225.00) on shares of Chart Industries in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Citigroup downgraded Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $205.08.

Chart Industries Price Performance

NYSE:GTLS opened at $203.75 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is $200.76 and its two-hundred day moving average price is $184.49. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 248.47, a P/E/G ratio of 1.15 and a beta of 1.78. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.